How Long to Read Foreign Exchange Intervention and the Australian Dollar

How Long Does it Take to Read Foreign Exchange Intervention and the Australian Dollar?

It takes the average reader and 31 minutes to read Foreign Exchange Intervention and the Australian Dollar by Ms. Hong Liang

Assuming a reading speed of 250 words per minute. Learn more

Description

Since the Australian dollar was floated in December 1983, the Australian central bank (Reserve Bank of Australia) has actively intervened in the foreign exchange market. Using daily exchange rate and official intervention data from January 1984 to December 2001, this paper examines what effects, if any, foreign exchange operations by the Reserve Bank of Australia (RBA) have had on the level and volatility of the Australian dollar exchange rate. First, using an event study we evaluate the effectiveness of intervention by examining its direct effect on the level of the exchange rate. We find that over the period 1997-2001, the RBA has had some success in its intervention operations, by moderating the depreciating tendency of the Australian dollar. Second, we investigate the effects of RBA intervention policies on exchange rate volatility over the floating rate period. Our results indicate that intervention operations tend to be associated with an increase in exchange rate volatility, which suggests that official intervention may have added to market uncertainty. Overall, the effects of RBA intervention are quite modest on both the level and the volatility of the Australian dollar exchange rate.

How long is Foreign Exchange Intervention and the Australian Dollar?

Foreign Exchange Intervention and the Australian Dollar by Ms. Hong Liang is 31 pages long, and a total of 7,781 words.

This makes it 10% the length of the average book. It also has 10% more words than the average book.

How Long Does it Take to Read Foreign Exchange Intervention and the Australian Dollar Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 42 minutes to read Foreign Exchange Intervention and the Australian Dollar aloud.

What Reading Level is Foreign Exchange Intervention and the Australian Dollar?

Foreign Exchange Intervention and the Australian Dollar is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Foreign Exchange Intervention and the Australian Dollar?

Foreign Exchange Intervention and the Australian Dollar by Ms. Hong Liang is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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